The Rapaport Group has issued the following Trade Alert regarding Marange diamonds to the diamond industry:
“The Kimberley Process (KP) has just certified approximately 900,000 carats of rough diamonds from Marange, Zimbabwe. While the trading of Marange diamonds may be legal in certain jurisdictions, companies owning or selling the diamonds are sanctioned by the U.S., E.U., and U.K. governments and their trading may be illegal by citizens of these countries.
Furthermore, the KP does not have a mandate to deny its certification for diamonds involved in human rights violations and there is no guarantee that diamonds with KP certification are free of human rights violations.
Rapaport strongly advises all diamond buyers not to trade in KP certified Marange diamonds and to request written assurance from their suppliers that their diamonds have not been sourced from Marange.
RapNet, the Rapaport Diamond Trading Network, will not allow the trading of any diamonds sourced from Marange,
Additional information is available at www.Rapaport.com.
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